Real Brokerage Inc. (REAX)
NASDAQ:REAX
Want to see REAX full AI Analyst Report?
Earnings Data
Report Date
Aug 12, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.01Last Year’s EPS
0.01Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
Overall the call conveyed strong top-line growth, sizable margin improvement on an adjusted basis, robust cash generation and clear strategic upside from the announced RE/MAX acquisition (large addressable scale and targeted synergies). There are manageable near-term execution and margin pressures — including gross margin headwinds from transaction mix, acquisition-related costs expected in Q2, early-stage ancillary revenue, and integration risks tied to the RE/MAX deal — but management articulated specific plans to scale ancillaries, deploy technology (reZEN/HeyLeo/Leo AI), realize $30M of synergies and de-lever post-closing. On balance, the positive operational and strategic momentum materially outweighs the short-term challenges discussed.Company Guidance
Strong Revenue Growth
Consolidated revenue of $466 million, up 32% year-over-year, driven by North American Brokerage and a 25% increase in closed transactions (~42,000).
Material Adjusted EBITDA and Operating Improvement
Adjusted EBITDA rose to $14.9 million, an 80% increase year-over-year (from $8.3M), while operating loss improved to $3.4 million (vs. $5.2M prior year), and operating margin improved from -1.5% to -0.7%.
Stronger Cash Position and No Debt
Unrestricted cash and short-term investments increased by $30 million during the quarter to a record $62.9 million; company continues to carry no debt and generated $23.3 million of operating cash flow in Q1.
Agent and Transaction Momentum
Agent count grew to ~33,500 at quarter end and >33,900 as of May 6; closed transactions increased ~25% year-over-year despite a weak housing market, demonstrating agent recruitment/retention strength.
Ancillary Business Traction
Ancillary revenue grew 34% YoY to $3 million. Real Wallet revenue more than tripled to $436,000 (nearly +250% YoY), with 8,000 active agents (23% of base), weekly debit-card spend >$1M, deposits >$25M and ~$9M of credit extended; One Real Title revenue +22% YoY and One Real Mortgage revenue +20% YoY.
Compelling Strategic M&A Opportunity (RE/MAX)
Announced definitive agreement to acquire RE/MAX (enterprise value ~ $880M). RE/MAX generated ~$94M of high-margin adjusted EBITDA in 2025; transaction implies ~9x trailing Adj. EBITDA (~7x post-synergies). Management targets $30M of cost synergies and meaningful cross-sell upside (700k combined U.S. transactions; estimates that a 1% mortgage attachment = ~$25M revenue and 1% title attachment = >$10M revenue).
Operational Efficiency Gains
Operating expenses increased 17% YoY to $45.6M but improved as a percentage of revenue to 9.8% from 11.1% a year ago (down ~130 bps), reflecting operating leverage and disciplined cost growth.
Product and Technology Rollouts
HeyLeo beta launched (450 agents in beta, 4,500 on waitlist) with 357 MLS ingested (on track to 400+), covering >85% of agent geographies; reZEN and Leo AI positioned as integration levers for agent productivity and lead monetization.
REAX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
REAX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 07, 2026 | $2.09 | $2.23 | +6.70% |
Mar 04, 2026 | $2.74 | $2.76 | +0.73% |
Oct 30, 2025 | $3.57 | $3.47 | -2.80% |
Aug 07, 2025 | $4.11 | $4.09 | -0.49% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Real Brokerage Inc. (REAX) report earnings?
Real Brokerage Inc. (REAX) is schdueled to report earning on Aug 12, 2026, Before Open (Confirmed).
What is Real Brokerage Inc. (REAX) earnings time?
Real Brokerage Inc. (REAX) earnings time is at Aug 12, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is REAX EPS forecast?
REAX EPS forecast for the fiscal quarter 2026 (Q2) is 0.01.